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Ratings

These are the ratings assigned by Standard & Poor’s (S&P) Global Ratings, A.M. Best and Fitch Ratings to the holding company of MAPFRE Group and the debt it has issued, as well as to its main subsidiaries.

 S&P Global RatingsFitch RatingsA.M. Best
MAPFRE S.A. - IssuerA- (Stable)A- (Stable)-
MAPFRE S.A. - Senior debtA-BBB+-
MAPFRE S.A. - Subordinated debtBBBBBB--
Financial strength
- MAPFRE REA+ (Stable)-A (Stable)
- MAPFRE ESPAÑA--A (Stable)
- MAPFRE ASISTENCIA-A+ (Stable)-
Latest reportStandard and Poor’s - MAPFRE Group (July 29, 2022)Fitch – MAPFRE Group (Press Release July 11, 2022)

Fitch – MAPFRE Group (Rating Report July 18, 2022)
AM Best - MAPFRE Group Subsidiaries (October 19, 2022)

* The rating agencies can revise, suspend or withdraw ratings at any time.

MAPFRE S.A. RATINGS HISTORY

AgencyRatingOutlookDate
S&P Global RatingsA-Stable07/21/2022
Fitch RatingsA-Stable07/11/2022
Fitch RatingsA-Stable07/29/2021
S&P Global RatingsA-Stable07/22/2021
S&P Global RatingsA-Stable10/15/2020
Fitch RatingsA-Stable09/21/2020
Fitch RatingsA-Stable04/28/2020
S&P Global RatingsA-Stable11/18/2019
Fitch RatingsA-Stable10/08/2019
S&P Global RatingsBBB+Positive07/26/2019
S&P Global RatingsBBB+Positive03/21/2019
Fitch RatingsA-Stable01/23/2019
Fitch RatingsA-Stable09/27/2018
S&P Global RatingsBBB+Positive09/12/2018
S&P Global RatingsBBB+Positive03/27/2018
Fitch RatingsA-Stable01/25/2018

The long-term debt rating scales used by said agencies are as follows:

 S&P Global RatingsFitch RatingsA.M. Best
Investment categoryAAAAAAaaa
AA+AA+aa+
AAAAaa
AA-AA-aa-
A+A+a+
AAa
A-A-a-
BBB+BBB+bbb+
BBBBBBbbb
BBB-BBB-bbb-